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IndusInd Bank Ltd.

BSE: 532187 Sector: Financials
BSE 00:00 | 24 Apr IndusInd Bank Ltd
NSE 05:30 | 01 Jan IndusInd Bank Ltd

News Report In ET On Capital Raise

April 3, 2020, 2:36 pm | Source: BSE

As a policy we do not comment on market speculation. The Bank is well capitalised with Tier 1 ratio of 15% and Capital Adequacy Ratio of 15.43% (with 9M FY20 profit). There is no specific transaction under consideration by the Board of the Bank at this stage. We stay committed to evaluate alternatives from time to time that may benefit our stakeholders. As is our practice anything to be disclosed under LODR or applicable regulations will be duly disclosed.

You may have noted that the Promoters of the Bank have applied to the Reserve Bank of India for increasing their permissible holdings to 26%. On a fully diluted basis the Promoters of the Bank have a holding of 14.68% which is very close to the current regulatory cap of 15%. If there are any updates around the same we will keep the stakeholders informed.